Weekly Assignment 3 Question 10 of 10 View Policies Current Attempt in Progress Click here to view the factor table. Net present value Blossom Company is considering two different, mutually exclusive capital expenditure proposals. Project A will cost $454,000, has an expected useful life of 13 years and a salvage value of zero, and is expected to increase net annual cash flows by $68,000. Project B will cost $300,000, has an expected useful life of 13 years and a salvage value of zero, and is expected to increase net annual cash flows by $47,000. A discount rate of 9% is appropriate for both projects. Profitability index Calculate the net present value and profitability index of each project. (If the net present value is negative, use either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). Round present value answers to 0 decimal places, e.g. 125 and profitability index answers to 2 decimal places, e.g. 15.52. For calculation purpose, use 5 decimal places as displayed in the factor table provided, e.g. 1.25124.) $ Project A -/1 $ !!! Project B E